Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The provision (benefit) for income taxes consists of the following:

	2023			2022
Currently payable:
Federal	$	-		$	15,000
State		4,000			-
Foreign		-			119,000
Total currently payable		4,000			134,000
Deferred:
Federal		(5,392,000	)		(14,839,000	)
State		(79,000	)		(492,000	)
Foreign		(48,000	)		(58,000	)
Total deferred		(5,519,000	)		(15,390,000	)
Less: increase in allowance		5,519,000			15,427,000
Net deferred		-			38,000
Total income tax loss (benefit)	$	4,000		$	172,000

Schedule of Deferred Tax Assets and Liabilities

Individual components of deferred tax assets and liabilities are as follows:

	2023			2022
Deferred tax assets:
Net operating loss carry forwards	$	21,496,000		$	24,975,000
Net operating loss IRC 382 limited		9,634,000			9,634,000
Unrealized loss on securities		4,655,000			5,753,000
Equity issued for services		190,000			190,000
Goodwill and other intangibles		63,000			34,000
Investment in pass-through entity		11,000			11,000
Deferred revenue		176,000			176,000
Operating Lease Liability		1,713,000			1,935,000
Depreciation and amortization		1,000			24,000
Other		2,507,000			696,000
Gross deferred tax assets		40,446,000			33,794,000
Deferred tax liabilities:
Goodwill and other intangibles		3,369,000			2,822,000
Depreciation and amortization		614,000			(194,000	)
Right -of-use asset		1,625,000			1,846,000
Gross deferred tax liabilities		5,608,000			4,474,000
Less: valuation allowance		(34,838,000	)		(29,357,000	)
Net deferred tax liabilities	$	-		$	(38,000	)

Schedule of Effective Income Tax Rate Reconciliation

The differences between the United States statutory federal income tax rate and the effective income tax rate in the accompanying consolidated statements of operations are as follows:

	2023		2022
Statutory United States federal rate	21.0	%		21.0	%
State income taxes net of federal benefit	0.38	%		0.51	%
Permanent differences	(6.68	)%		0.03	%
Other	(9.04	)%		0.93	%
Foreign taxes	-	%		(0.07	)%
Change in valuation allowance	(5.66	)%		(22.66	)%
Effective rate	-	%		(0.25	)%